New Delhi, July 7 -- Waterways Leisure Tourism share price jumped nearly 6% on Tuesday, 7 July after the company announced that its board will meet on 10 July, to consider a proposal for the sub-division (stock split) of its equity shares.

In an exchange filing on Monday, the operator of Cordelia Cruises said its board will consider splitting the face value of its equity shares, which currently stands at Rs.10 per share.

If approved, the stock split would come within days of the company's market debut. Waterways Leisure Tourism has completed only four full trading sessions since listing, and the proposed board meeting will take place on its eighth trading day.

A stock split is typically undertaken to improve a stock's liquidity by redu...